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Black MBA NetWire
arrows June 23, 2016
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Facing growing complaints of racial bias, Airbnb is scheduled to meet with civil rights leaders in Washington, D.C., this week, to seek ideas on how the popular home-sharing service can combat discrimination. (USA TODAY)
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Currency dealers and foreign exchange companies are reporting a surge in people stocking up on euros and dollars, fearing that a vote to leave the EU -- the so-called Brexit -- could crash the pound. (CNN Money)
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The Supreme Court on Thursday said University of Texas admission officials may consider the race of student applicants in a limited way to build a diverse student body. (The Washington Post)
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7-Eleven
Career
No one wants to disappoint his or her boss. Even if you’re not always in agreement with your manager, if you respect him and generally want to do good work, you probably want to avoid doing anything that’ll make him unhappy with you. But what if this person has such high expectations that you think there’s no way you can live up to them? What happens if you start to feel like his growing expectations are setting you up for failure? (The Muse)
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We amplify the interview experience, creating a mythology around what is, in essence, a conversation. An important conversation, of course. But not a conversation with an alien life-form. Not a meeting that will determine the fate of the planet. Just some people trying to get to know each other a little better. (The Chicago Tribune)
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Diversity in the Workplace
The lack of diversity in terms of gender, race, ethnicity and age is well documented in the technology industry. Public data shared by major tech employers show that women only represent 25 to 45 percent of their entire workforce. The disparity gets worse in technical roles — for the past five years, women have been stuck at 21 percent of technical roles, based on data from the Anita Borg Institute’s Top Companies for Women Technologists survey. (Tech Crunch )
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Erica Baker, a senior engineer at the fastest growing business startup in the world and a black woman, is an advocate for diversity and inclusion in the tech industry. She has led several efforts to move the conversation, including starting a spreadsheet of employee salaries when she was working at Google and launching the hashtag campaign #RealDiversityNumbers. (International Business Times)
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International
There are already some emerging lessons about how the campaign itself might have changed politics, or in another sense, what it's done to it, that's before we even start dealing with the "what ifs" of Friday morning. (BBC)
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The US has been warned about its high poverty rate in the International Monetary Fund's annual assessment of the economy. The fund said about one in seven people were living in poverty and that it needed to be tackled urgently. (BBC)
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Highmark, Inc
Education
In Oregon children's author Deborah Hopkinson's new picture book, "Steamboat School", she shines a light on one of her most inspirational subjects yet: a slave who bought his freedom, became a minister and, in the 1840s, opened a school in Missouri for free black children. (The Oregonian)
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Only 8 percent of educators are nonwhite males in New York City, where Asian, black, and Hispanic boys make up 43 percent of public-school students. A new program is trying to change that. (The Atlantic)
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Thermo Fisher Scientific
NBMBAA
High school students analyze an MBA-level graduate school business case and present recommendations before panels of senior corporate executives and business school faculty. Judges evaluate participants with the same level of objectivity they would use to evaluate a graduate student or a professional consultant.
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Northwestern Mutual
Technology
Elon Musk has built an ambitious business empire on three pillars: electric cars, solar energy and space travel. Now, the billionaire entrepreneur is trying to shore up his embattled solar panel provider by merging it with the electric carmaker. (The New York Times)
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Microsoft recently announced the launch of KIND Government Solutions; a partnership with cannabis technology firm KIND Financial, based in California. This partnership will allow KIND to work on Microsoft’s government cloud, and will provide solutions to track sales of legal marijuana ("seed to sale") businesses. This is the first marijuana partnership of any kind with a major technology company. (Black Enterprise)
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Entrepreneurship
Minority owned businesses make up almost 15 percent of the 28 million businesses and employ more than 5.9 million workers in the country, according to CNBC. And yet these businesses often face difficulties while securing loans to grow their enterprises. Luckily, there are some sources of small business loans for minorities that are worth exploring. Let’s take a look at some of them. (Small Business Trends)
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Chicago Mayor Rahm Emanuel’s administration has awarded $407 million in water main construction and sewer-lining contracts to a company once certified as minority-owned at a time when its African-American president had acknowledged his white business partner ran the company’s day-to-day operations. The four water main construction contracts — for Districts 3, 4, 5, and 6 — were awarded to Benchmark Construction on June 13 and 14. On May 23, Benchmark was also awarded a $29.2 million sewer-lining contract. (Chicago Sun Times)
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The Economy
When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans. (Associated Press)
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The team's home city waited more than 50 years for a major sports championship. But basketball fans wasted no time snapping up memorabilia to commemorate Cleveland's NBA Championship on Sunday, making Monday the online store's biggest day ever. (CNN Money)
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Personal Finance
Investors wondering how Thursday's vote in Britain for it to stay or leave the European Union will affect their portfolios already have a blueprint to follow: the price movement of stocks, bonds and currencies in recent week have closely tracked polls that swung in the direction of either the "remain" camp or the group pressing for a "leave" result. (USA TODAY)
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The Black bank has played an important role in funding Black entrepreneurs, businesses and institutions, sustaining the Black community and helping individuals when other banks turned a blind eye. This Juneteenth–the commemoration of the end of slavery and the beginning of freedom and independence for African-Americans–provides an opportune time to examine the role of that Black financial institutions have played and continue to play, the ways in which integration impacted the economic ecosystem, and the challenges and opportunities facing Black banks. (Atlanta Black Star)
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According to the latest data from the Department of Labor, 57% of American women – or about 72 million – participate in the workforce. That has changed the landscape of child care in our country. It’s changed how we spend summers and after school. (Forbes)
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Naylor Association Solutions
Naylor Association Solutions
Corporate America
Department store giant Macy’s said Thursday that it is set to bring on a new chief executive in 2017. Terry Lundgren, the company’s current CEO and chairman, will stay on as chairman but turn the CEO reins over to Jeff Gennette, a longtime executive at the retailing chain. <(i>The Washington Post)
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Businesspeople are increasingly taking center stage in politics. Think Donald Trump, but also Michael Bloomberg, Carly Fiorina, and so on.(Time)
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As its F-15 and F/A-18 lines production could draw to a close by the 2020s, Boeing faces a future where its role as a prime military fighter jet manufacturer is uncertain. (The Washington Post)
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Government
Federal health officials said Tuesday that they plan to step up their efforts to get uninsured young adults to sign up for health coverage on the Affordable Care Act exchanges, which many avoid doing due to cost and because they think they don't need insurance. (USA TODAY)
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Representative Steve King, Republican of Iowa, moved on Tuesday to block the Treasury Department’s sweeping plan to represent women and civil rights leaders on American currency, including the placement of Harriet Tubman on the $20 bill. (The New York Times)
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Doctors, nurses and pharmacists were among more than 300 charged with health care fraud schemes involving $900 million in false billings in what the Justice Department described Wednesday as the largest such enforcement action in U.S. history. (USA TODAY)
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Leadership
Boys of color are far less likely to enter kindergarten with the basic language and literacy skills that are necessary for success. Disproportionate numbers of African American young men are involved in the criminal justice system. Only 59% of black males graduate from high school —compared to 80% of white males. (Black Enterprise)
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